FILE PHOTO: May 28, 2018; Indianapolis, IN, USA; Verizon IndyCar Series driver Will Power poses for a photo with the Borg Warner Trophy the day after winning the Indianapolis 500 at the Indianapolis Motor Speedway. Mandatory Credit: Brian Spurlock-USA TODAY Sports/File Photo
(Reuters) – IndyCar announced a multi-year agreement with NTT on Tuesday that will make the Japanese tech giant the title sponsor of North America’s premier open-wheel racing series.
NTT replaces Verizon as title sponsor of the series. Its sponsorship of what will now be known as the NTT IndyCar Series launches with the March 10 season-opening race.
The financial terms and length of the sponsorship deal were not disclosed.
IndyCar had been searching for a new sponsor since Verizon informed the series in 2017 that it was not interested in renewing its contract. Verizon served as the title sponsor for five years, replacing IZOD in 2014.
IndyCar will kick off its 17-race 2019 season in Florida with the Firestone Grand Prix of St Petersburg.
Reporting by Frank Pingue in Toronto; Editing by Ken Ferris